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$599,900

  • For Sale
  • Active
  • Vacant Land
  • 0.26 Acres
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Coastal Luxury Meets Prime Location. Welcome to your slice of paradise in the exclusive gated community of The Villas of Frangista Beach. This extra-large .26-acre buildable lot is perfectly positioned on a quiet, low-traffic cul-de-sac, offering privacy & tranquility just a short walk from the sugar-white sand & turquoise waters of the Gulf. Whether you're envisioning a primary home, beach retreat, or high-performing investment property, this high-elevation homesite provides the ideal canvas--w/no build-out time & prelim house plans included to jumpstart your vision. Enjoy the charm of pavered streets, comm pool & clubhouse & low HOA fees. You're just a short stroll from cafes, shopping & championship golf courses-- everything you need to embrace the Emerald Cst lifestyle at its finest.

Full Property Details for 55 Shelley's Way

General

  • Price: $599,900
  • Status: Active
  • Type: Vacant Land
  • Source: Emerald_Coast
  • MLS ID: 988463
  • Updated: 1/2/2026
  • Added to Site: 82 day(s) ago

Additional Information

  • Shared Amenities: Community Room, Gated Community, Pool, Short Term Rental - Allowed

Location

  • Area: 15 - Miramar/Sandestin Resort
  • County: Walton
  • Subdivision: Frangista Beach
  • Driving Directions: Scenic Hwy 98 to Miami Street. Enter thru gates and turn right ontoMobile Street. Take first left onto Lakeland Drive and 1st left onto Shelleys Way. Lot will be in the back right corner of the cul-de-sac.

School Information

  • Elementary School: Van R Butler
  • Middle School: Emerald Coast
  • High School: South Walton

Utilities

  • Utility Description: Electric, Public Sewer, Public Water

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Dimensions: 42 x 204 x 150 x 113
  • Lot Features: Covenants, Cul-De-Sac, Irregular, Within 1/2 Mile to Water, Wooded
  • Zoning: Resid Single Family

Financial Considerations

  • Price Per Acre: $2,307,307
  • Assessment Amount: $450
  • Assmt Payment Freq: Quarterly
  • Land Assmt: $450
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: LOT 31 BLK A Frangista Beach 3rd Addition
  • Assessment: Yes
  • APN: 29-2S-21-42060-00A-0310

Listed by RE/MAX Coastal Properties

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— 55 Shelley's Way —

  • RE/MAX Coastal Properties

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 55 Shelley's Way

School District:Walton County School District
NameGradesDistance
Van R. Butler Elementary School
6694 West County Highway 30A, Santa Rosa Beach, FL 32459
K-57.1 mi
Emerald Coast Middle School
4019 US Highway 98 East, Santa Rosa Beach, FL 32459
6-815.8 mi
South Walton High School
645 Greenway Trail, Santa Rosa Beach, FL 32459
9-1211.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 55 Shelley's Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/02/2026
Price Reduced
$599,900
-7.57%
MLS
10/28/2025
Listed
$649,000
299.38%
MLS
2/14/2020
Sold
$162,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 55 Shelley's Way

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,030
—
$440,000
-11%
2024
$3,030
3%
$495,000
—
2023
$2,928
115%
$495,000
252%
2021
$1,362
-10%
$140,688
-18%
2022
$1,510
11%
$172,108
47%
2021
$1,362
22%
$117,010
4%
2019
$1,117
53%
$112,510
100%
2018
$731
6%
$56,269
-35%
2017
$691
8%
$87,180
9%
2016
$638
2%
$79,835
2%
2015
$624
8%
$78,540
10%
2014
$577
55%
$71,400
94%
2013
$373
—
$36,750
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RE/MAX Coastal Properties

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55 Shelley's Way, Miramar Beach, FL 32550 (MLS# 988463) is a Vacant Land property with a lot size of 0.26 acres. 55 Shelley's Way is currently listed for $599,900 and was received on October 28, 2025. Want to learn more about 55 Shelley's Way? Do you have questions about finding other Vacant Land real estate for sale in Miramar Beach? You can browse all Miramar Beach real estate or contact a Coldwell Banker agent to request more information.

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